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FuelCell EnergyFCEL +3.84%58 Debt-to-EBITDA is -0.62 as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 58/100 and a GF Value™ of $7.47 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,332 Industrial Products companies, FuelCell Energy ranks worse than 42881.6% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for FuelCell Energy's Debt-to-EBITDA or its related term are showing as below:
FCEL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.36 Med: -1.96 Max: -0.88
Current: -0.92
During the past 13 years, the highest Debt-to-EBITDA Ratio of FuelCell Energy was -0.88. The lowest was -3.36. And the median was -1.96.
FCEL's Debt-to-EBITDA is ranked worse than 100% of 2332
companies
in the Industrial Products industry
Industry Median: 1.7
vs FCEL: -0.92
FuelCell Energy (NAS:FCEL) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
FuelCell Energy Debt-to-EBITDA Related Terms
FuelCell Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for FuelCell Energy's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FCEL vs ENR, AMPX, PLPC: Debt-to-EBITDA Comparison
For the Electrical Equipment & Parts subindustry, FuelCell Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FuelCell Energy Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Apr. 2026) EBITDA data.
FuelCell Energy (FCEL) has a Debt-to-EBITDA of -0.62 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on FuelCell Energy. According to the industry distribution chart, FuelCell Energy ranks #999999 out of 2332 companies in the Industrial Products industry.
Is FuelCell Energy's Debt-to-EBITDA too high?
FuelCell Energy's current Debt-to-EBITDA is -0.62. Based on the distribution chart, FuelCell Energy ranks #999999 out of 2332 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, FuelCell Energy has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Debt-to-EBITDA compare to ENR and AMPX?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #999999 out of 2332 companies for Debt-to-EBITDA. This places FuelCell Energy in the lower half of its industry. The industry median Debt-to-EBITDA is 1.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.70, based on 2,332 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on FuelCell Energy. For the Industrial Products industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Debt-to-EBITDA is -0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
Based on GuruFocus' analysis, FuelCell Energy (FCEL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.47, compared to a current price of $22.46 — trading 200.7% above its estimated fair value. The current Debt-to-EBITDA is -0.62. FuelCell Energy's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Debt-to-EBITDA is -0.62 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FuelCell Energy (FCEL) Overvalued in 2026?
Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued.
The current stock price of $22.46 is trading 200.7% above its estimated GF Value™ of $7.47.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
Debt-to-EBITDA: -0.62
GF Value™: $7.47 vs. price of $22.46 (200.7% above fair value)
No single metric tells the full story. See the FCEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
58GF Score
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